Något bättre vindar än normalt under september månad resulterade i en elproduktion om 27,3 GWh, jämfört med månadens budget om 25,5 GWh.

Halmstad den 6 oktober 2020

ARISE AB (publ)                                                                                                

För ytterligare information, vänligen kontakta

Daniel Johansson, CEO Arise AB, +46 702 244 133

Denna information är sådan information som Arise AB är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning.

Informationen lämnades, genom ovanstående kontaktpersons försorg, för offentliggörande den 6 oktober 2020 kl. 16.20 CET.

För information om hur vi behandlar dina personuppgifter hänvisar vi dig till vår personuppgiftspolicy på vår hemsida. Om du inte vill motta ytterligare utskick från oss är du välkommen att kontakta oss på info@arise.se

In accordance with a press release on June 10, 2020, Athanase Industrial Partners (“Athanase”) acquisition of 70 percent of the shares in Catella Fondförvaltning AB from Catella AB (publ) was subject to customary regulatory approvals by the Swedish Financial Supervisory Authority and CSSF in Luxembourg. All approvals have now been obtained and the acquisition has been completed.

The final consideration amounts to SEK 140 million and the total effect on profit after tax, including transaction costs, amounts to SEK -9 million of which costs of SEK 7 million were reported during the first half of 2020. The effect on profit after tax, including transaction costs, amounts to SEK -2 million during the third quarter 2020.

The strategic partnership between Catella and Athanase, through which Catella Fund Management AB intends to develop and improve the customer offering, is ongoing. During January 2022 Catella has the right to divest and Athanase the right to acquire the remaining 30 percent of the shares for a purchase price of SEK 60 million.

For further information, please contact:

Niklas Bommelin
Investor Relations
+46 8 463 34 26, +46 768 91 12 40
niklas.bommelin@catella.se

Catella is a leading specialist in property investments and fund management, with operations in 14 countries. The group has assets under management of approximately SEK 150 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.

Arise Wind HoldCo 9 AB with subsidiaries (the ”Sub-group”), wholly-owned by Arise AB (publ) (”Arise” or  the ”Company”), today entered into a binding agreement with DNB Bank ASA for a three-year loan facility amounting to MEUR 40, dedicated to the group’s own wind power production (the ”Loan”). In connection therewith, Arise calls for early redemption of its secured green bonds with a nominal value of MSEK 650 (ISIN SE0010920900) maturing in March 2021 (the ”Bonds”).
The refinancing will dramatically reduce the group’s total financing costs, which on a yearly basis are expected to decrease from close to MSEK 60 to approximately MSEK 25, incl. interest cost relating to the Company’s convertible bonds, IFRS 16 items and accrued arrangement fees. Financing costs for the group’s own wind power production, which is consolidated in the Sub-group, is expected to decrease from approximately MSEK 42 to approximately MSEK 8, incl. IFRS 16 items amounting to approximately MSEK 2 and accrued arrangement fees.

After the refinancing, the group’s own wind power production is expected to be cash flow break-even (including interest cost and scheduled debt amortisation) at an average all-in income of approximately 0.2 SEK per KWh. The corresponding pre-tax profit break-even level for the group’s own wind power production is expected to amount to approximately 0.30-0.35 SEK per KWh.
In connection to the refinancing, the Company will cancel a SEK denominated interest rate swap. Coupled with dissolution of previous arrangement fees relating to the Bonds, this will result in a one-off charge impacting pre-tax profit by approximately MSEK -35, of which approximately MSEK -33 already has been recognised in group equity in accordance with IFRS 9.

Redemption of the Bonds and cancellation of the interest rate swap will be financed through the Loan and available cash at hand. Closing of the refinancing is expected to occur on 14 October, 2020.

”We are very pleased to refinance and significantly decrease the financing costs of our wind power production. Successful project transactions over the last few years have allowed us to finally be able to put in place a flexible and cost-efficient financing. Along with the previously communicated extension of service-life and new service agreements for our GE-wind farms we have now paved the way for profitability also within our wind power production.”, says Linus Hägg, CFO Arise AB.

Halmstad, 18 September 2020
ARISE AB (publ)         

For further information, please contact:
Linus Hägg, CFO Arise AB, +46 702 448 916
This information is such information as Arise AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11.35 am CET on 18 September 2020.Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se. 

Arise AB (publ), (”Arise”) gives notice of voluntary total redemption of its senior secured green bonds 2018/2021 with ISIN SE0010920900 (the ”Bonds”), in accordance with the terms & conditions of the Bonds.

The redemption date is set to October 14, 2020. The Bonds will be redeemed at their nominal amount, together with accrued but unpaid interest up until and including the redemption date. The redemption amount will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at the end of business on the record date 7 October, 2020.
An irrevocable notice of voluntary total redemption is sent on 18 September 2020 to directly registered owners and registered authorised nominees (Sw. förvaltare) of the Bonds as of September 17, 2020 in the debt register.
In connection with the redemption, the Bonds will be delisted from Nasdaq Stockholm.

This announcement is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Arise.

Halmstad 18 September, 2020
ARISE AB (publ)

For further information, please contact
Linus Hägg, CFO, Arise AB, +46 702 448 916
This information was submitted for publication, through the agency of the contact person set out above, at 11:35 CET on 18 September, 2020.Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se.
About Arise
Arise is one of Sweden’s leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.